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African Aura Mining files NI43-101 report for New Liberty gold project

African Aura Mining (LON:AAAM, TSX:AUR) has filed a NI43-101 technical report for its 100% owned New Liberty gold project in western Liberia.

It has been previously reported that the resource and grade at the project increased to 1.51 million ounces at 3.78 grammes per tonne (g/t) gold with 5.6 million tonnes (Mt) containing 751,000 ounces in the indicated category and 7 Mt containing 762,000 ounces of gold inferred.

Management is targeting a production of 100,000 ounces per year for the open pittable material.

The resource model will be incorporated into a preliminary economic assessment this December.

African Aura operates iron and gold divisions.

The iron ore division includes its 38.5% interest in the Putu iron ore project in Liberia, which is moving through pre-feasibility managed by joint venture partner Severstal Resources.

The gold division includes New Liberty and the proximal Ndablama, Weaju, Silver Hills and Gondoja gold projects all within the company's Bea Mountain 25 year renewable mineral development agreement.